Trade war is here: Should you hold on or run?

The war bugle

We can probably say the trade war has officially started, says Chen Feixiang, Chinese professor of applied economics.

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Piling up misery

If you think it's just $34 billion, think again. The US is planning import tariffs on as much as $50 billion Chinese goods - $34 billion plus a planned follow-on list worth $16 billion.

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Look, who is hit hard

The US Customs and Border Protection is due to collect 25 per cent duties on a range of products. Those include motor vehicles, computer disk drives, parts of pumps, valves and printers and many other industrial components.

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Counter-punch coming

Not the one to be bullied, China is standing up to the US might. It's hitting back with equal force and scale. Which means $34 billion of imported US goods including autos and agricultural products are up against 25 per cent Chinese tariffs.

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Outlier India?

For the moment, Indian market appears safe as it's holding up to the ongoing trade slugfest. But you never know. Things might turn either way, going forward.